Helen of Troy Plunges After It Misses Q1 Estimates and Cuts Outlook
HELEHelen of Troy(HELE) Investopedia·2024-07-09 22:55

Key TakeawaysHelen of Troy shares crashed Tuesday after the consumer products maker missed profit and sales estimates and slashed its guidance as beauty and wellness product demand slumped.The company was also negatively impacted by a technical problem at its Tennessee distribution facility.Helen of Troy CEO Noel Geoffroy said the challenges the firm faced increased toward the end of the quarter and some "continue to evolve." Helen of Troy (HELE) shares cratered more than 30% Tuesday after the consumer prod ...